HWLIX Fees and Costs — Hotchkis and Wiley Large Cap Fundamental Value Fund, Class I
Data updated: 2026-09-10
The net expense ratio is 0.97%: a 0.70% management fee plus 0.28% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $142K in broker commissions, 0.0391% of average net assets, and portfolio turnover was 61%.
HWLIX Fees and Expenses
Annual operating expenses and sales charges of HWLIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HWLIX Costs Over Time
On $10,000 invested in HWLIX, assuming 5% a year before costs, total costs come to $631 over 5 years, cutting the return by 1.06% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $631 |
| Value after costs | $10,394 | $11,229 | $12,132 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
HWLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0391%
- Total broker commissions: $142K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $63K (0.017% of average net assets)
HWLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $26K | 24.15% |
| RBC CAPITAL MARKETS LLC | $24K | 22.37% |
| JEFFERIES LLC | $14K | 13.00% |
| UBS SECURITIES LLC | $9K | 8.68% |
| LOOP CAPITAL MARKETS LLC | $8K | 7.72% |
| SANFORD C. BERNSTEIN & CO. LLC | $8K | 6.92% |
| KEEFE, BRUYETTE & WOODS, INC. | $6K | 5.89% |
| WELLS FARGO SECURITIES LLC | $5K | 5.01% |
| HSBC SECURITIES (USA) INC. | $4K | 3.57% |
| BARCLAYS CAPITAL INC. | $3K | 2.68% |
Hotchkis and Wiley Large Cap Fundamental Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HWLZX | Class Z | 0.86% | none |
| HWLIX | Class I | 0.97% | none |
| HWLAX | Class A | 1.19% | 5.25% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.